Minsud announces the exercise of warrants for gross proceeds of $ 627,000; Appoint a new director

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TSX-V: MSR

TORONTO, December 10, 2021 / CNW / – Minsud Resources Corp. (TSXV: MSR) (“Minsud” or the “Company”), is pleased to announce that certain holders of common share subscription warrants (the “Warrants”) have exercised a total of 4,180,000 warrants. subscription resulting in gross proceeds for the Company of $ 627,000.

Each warrant may be exercised for one (1) common share of the Company at an exercise price of $ 0.15 per share. The warrants were issued as part of a private placement financing of the Company which closed on December 10e, 2019.

Minsud also announces that Hugo dragonetti (Jr.) has resigned as a director of the Company. Mrs. Lucia Dragonetti has been appointed, subject to the approval of the TSX Venture Exchange, to fill the vacant board position created by the resignation of Mr. Hugo dragonetti (Jr.). The Company would like to thank Mr. Hugo dragonetti (Jr.) for his exceptional service and dedication to the Company and wishes him the best in his future endeavors.

Ms. Lucía Dragonetti graduated in political science from the Universidad Católica Argentina. She also obtained a Postgraduate Diploma in Direction and Management of Construction Companies organized by the IAE (School of Management and Business of the Universidad Austral). Since 2010, she has been the director of Panedile Argentina SAICFeI. Panedile is a company with more than seventy years of experience in the construction and management of major civil engineering and infrastructure works operating in the sectors of hydraulics, road complexes, mining and construction. sanitation.

Ramiro massa, President and CEO of Minsud, said: “We are very pleased with this strong display of support from our existing long-term shareholders as we continue to move forward with our strategy to further explore our Chita Valley project. We are also delighted that Ms. Lucia Dragonetti has agreed to join us as a new member of the board of directors. She is a valuable addition to our diverse board. “

About Minsud Resources Corp.

Minsud is a mineral exploration company focused on the exploration of its flagship Chita Valley Cu-Mo-Au-Ag-Pb-Zn project, in the province of San Juan, Argentina. The Company also has a 100% portfolio of prospects selected at an early stage, including 6,000 ha in Province of Santa Cruz, Argentina.

CAUTION REGARDING FORWARD-LOOKING INFORMATION:

This press release includes certain information that may constitute forward-looking information under applicable Canadian securities laws. Forward-looking information includes, but is not limited to, statements about strategic plans, expenditure commitments, future operations, exploration results, anticipated financial results, future work programs, capital expenditures and goals. Forward-looking information is necessarily based on a number of estimates and assumptions which, although considered reasonable, are subject to known and unknown risks, uncertainties and other factors that may cause actual results and future events differ materially from those expressed or implied. by such forward-looking information, including, but not limited to: fluctuations in currency markets (such as the Canadian dollar, Argentina peso and US dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments in Canada and Argentina or other countries in which the Company may operate in the future; operational or technical difficulties related to exploration and development activities; risks and hazards associated with mining exploration and development activities (including environmental hazards or industrial accidents); risks relating to the solvency or financial condition of suppliers and other parties with which the Company does business; presence of laws and regulations that may impose restrictions on mining, including those currently enacted in Argentina; employee relations; the relationships and demands of local communities; availability and increased costs associated with operational inputs and labor; the speculative nature of mineral exploration and development, including the risks of obtaining necessary licenses, permits and approvals from government authorities; business opportunities that may be presented to, or sought after, the Company; disputes or difficulties in maintaining the title to the property of the Company; risks related to the Company’s ability to raise funds; and the factors identified under “Risk factors” in the company’s filing statement dated April 27, 2011. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Therefore, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based on the opinions and estimates of management and on information available to management as of the date hereof. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release..

SOURCE Minsud Resources Corp.

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